Market Condition Evaluation based on standard indicators in Metatrader 5 - page 186

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GBPUSD Technical Analysis 2016, 21.08 - 28.08: bearish ranging within narrow s/r levels

Sergey Golubev, 2016.08.22 07:32

GBP/USD Intra-Day Technical Analysis - ranging inside Ichimoku cloud for direction

H4 price is inside Ichimoku cloud for the bullish ranging within the following support/resistance levels:

  • 1.3184 resistance located to be above Ichimoku cloud in the bullish area of the chart, and
  • 1.3022 support level located near and above Senkou Span line in the beginning of the bearish trend to be started.

Absolute Strength indicator is estimating the ranging market condition to be continuing.

If H4 price breaks 1.2865 support level on close bar to below so the price will be reversed to the primary bearish market condition.
If H4 price breaks 1.3184 resistance level on close bar from below to above so the bullish trend will be resumed.
If not so the price will be on ranging within the levels.


  • Recommendation for long: watch close H4 price to break 1.3184 for possible buy trade
  • Recommendation to go short: watch H4 price to break 1.2865 support level for possible sell trade
  • Trading Summary: ranging
Resistance
Support
1.31841.3022
1.31451.2865

SUMMARY : ranging


 

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Forecast for Q3'16 - levels for US Dollar Index

Sergey Golubev, 2016.08.23 07:11

Dollar Index Intra-Day Technical Analysis - bullish reversal or bearish trend to be resumed?

H4 price is on ranging condition located below Ichimoku cloud in the bearish area of the chart. The price is within the following support/resistance levels:

  • 94.96 resistance level located near Senkou Span line of Ichimoku indicator in the beginning of the bullish trend to be started, and
  • 94.08 support level located below Ichimoku cloud in the bearish area of the chart.

AllAbsolute Strength indicator is estimating the bearish trend to be continuing with the secondary ranging way.

Resistance
Support
94.9694.08
95.66N/A


If H4 price breaks 94.08 support level on close H4 bar so the primary bearish trend will be resumed.
If H4 price breaks 94.96 resistance level so the reversal of the intraday price movement to the primary bullish market condition will be started.
If not so the price will be ranging within the levels.

SUMMARY : bearish

TREND : ranging

 

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Sergey Golubev, 2016.08.23 14:26

Technical Targets for EUR/USD by United Overseas Bank (based on the article)

H4 price is located above 100 SMA/200 SMA for the bullish market condition: the price is on ranging within the following support/resistance levels:

  • 1.1354 resistance level located above 100 SMA/100 SMA in the bullish area of the chart, and
  • 1.1270 support level located near and above 100 SMA in the beginning of the secondary correction to be started.
The bearish reversal level is 1.1130 support, and if the price breaks this level to below on close H4 bar so the reversal of the intra-day price movement from the bullish to the primary bearish market condition will be started.



Daily price. United Overseas Bank is expecting for EUR/USD to be continuing with the bullish market condition:

"While stops for s/t bullish view is still intact at 1.1240, the recent price action is lackluster and the odds for extension to the 1.1430 high seen on the day of Brexit are not very high. EUR has to clear the recent 1.1365 peak in an ‘impulsive manner’ before a sustained up-move can be expected."


  • If daily price breaks 1.1365 resistance level on close bar so the bullish trend will be continuing.
  • If daily price breaks 1.1109 support level on close bar so the reversal of the price movement to the primary bearish market condition will be started.
  • If not so the price will be on bullish ranging within the levels.

 

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Sergey Golubev, 2016.08.23 14:48

Technical Targets for GBP/USD by United Overseas Bank (based on the article)

H4 price is above 100 SMA/200 SMA for the bullish market condition: the price is breaking 1.3185 resistance to above for 1.3209 target to re-enter.


Daily price. United Overseas Bank is expecting for GBP/USD to be continuing with the bullish market condition by 1.3186 resistance to be broken with 1.3255 bullish target:

"GBP touched a low of 1.3034 before rebounding strongly. While short-term downward momentum has waned with the strong recovery, we still believe that the current pull-back has scope to extend lower to test the 1.2940 support first. That said, a clear break above last week 1.3186 high could lead to a quick move towards the key 1.3255 resistance."


  • If daily price breaks 1.3319 resistance level on close bar so the local uptrend as the bear market rally will be started.
  • If daily price breaks 1.2794 support level on close bar so the primary bearish trend will be resumed.
  • If not so the price will be on ranging within the levels.

 

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Sergey Golubev, 2016.08.24 11:48

USD/CNH Price Action Analysis - rdaily correction to be resumed or the bullish to be re-started (adapted from the article)

Daily price is located above 200 period SMA and 100 period SMA for the primary bullish with secondary ranging between Fibo support level at 6.6125 and Fibo resistance level at 6.7166:

  • "The hold above 6.6500 seems likely to shift focus to intermediate resistance at 6.6860 followed by the 6.7 figure."
  • "A break and hold above those recent highs may be required for bulls to really take control again."
  • "A move to the downside may target the 6.6500 level again, followed by the July lows at 6.6224."


If daily price breaks Fibo support level at 6.6125 to below so the local downtrend as the secondary correction will be resumed.
If daily price breaks Fibo resistance level at 6.7166 from below to above so the primary bullish trend will be continuing with good possible breakout of the price movement.
If not so the price will be on bullish ranging within the levels.

ResistanceSupport
6.67686.6277
6.71666.6125
  • Recommendation to go short: watch the price to break 6.6125 support level for possible sell trade
  • Recommendation to go long: watch the price to break 6.7166 resistance level for possible buy trade
  • Trading Summary: ranging

SUMMARY : ranging

TREND : bullish

 

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EURUSD Technical Analysis 2016, 21.08 - 28.08: Fibo resistance with ascending triangle to be broken for the daily bullish to be resumed

Sergey Golubev, 2016.08.24 18:37

EURUSD Technical Analysis: daily correction with 1.1240 as a key level

Daily price is located above Ichimoku cloud in the bullish area of the chart: the price is started with the secondary correction with 1.1240 support level to be tested for the correction to be continuing.

  • Chinkou Span line of Ichimoku indicator is above the price indicating the correction to be continuing in the near future.
  • Absolute Strength indicator is estimating the correction within the primary bullish trend.
  • Trend Strength indicator is forecasting the trend as the ranging bullish.
If D1 price breaks 1.1366 resistance level to above on close bar so the primary bullish trend will be resumed.
If D1 price breaks 1.1240 support level to below on daily close bar so the local downtrend as the correction within the bullish market condition will be started.
If D1 price breaks 1.1130 support level to below on close bar so we may see the bearish reversal to be started on this timeframe.
If not so the price will be bullish ranging within the levels.


  • Recommendation for long: watch close D1 price to break 1.1366 for possible buy trade
  • Recommendation to go short: watch D1 price to break 1.1240 support level for possible sell trade
  • Trading Summary: correction
Resistance
Support
1.13661.1240
N/A1.1130

SUMMARY : bullish

TREND : correction

 

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EURUSD Technical Analysis 2016, 21.08 - 28.08: Fibo resistance with ascending triangle to be broken for the daily bullish to be resumed

Sergey Golubev, 2016.08.25 11:20

The H4 price broke trendline to above with 1.1290 resistance level to be testing for 1.1366 target for the bullish trend to be continuing. Alternative, if the price breaks 1.1244 support to below so the local downtrend as the secondary correction within the primary bullish trend will be started.


By the way, the bearish reversal level for this H4 timeframe is 1.1153, and if the price breaks this level to below so the bearish reversal will be started.


 

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Forecast for Q3'16 - levels for DAX Index

Sergey Golubev, 2016.08.26 08:40

DAX Index: End Of Week Technicals - Daily Correction

Daily price is above Ichimoku cloud in the bullish area of the chart for the ranging within the following support/resistance levels:

  • 10,803.8 resistance level located far above Ichimoku cloud in the bullish area, and
  • 10,384.3 support level located in the beginning of the secondary correction to be started.

Chinkou Span line of Ichimoku indicator is located above the price for the possible correction in the near future, and Absolute Strength indicator is estimating the the trend as the local downtrend to be started.

If D1 price breaks 10,384.3 support level on close bar together with descending triangle pattern to below so the local downtrend as the secondary correction within the primary bullish trend will be started.
If D1 price breaks 9,197.8 support level on close bar so we may see the reversal of the price movement to the primary bearish market condition.
If D1 price breaks 10,803.8 resistance level on close bar from below to above so the bullish trend will be resumed.
If not so the price will be on bullish ranging within the levels.


Resistance
Support
10,737.510,384.3
10,803.89,197.8

SUMMARY : correction

TREND : bullish

 

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Press review

Sergey Golubev, 2016.08.26 16:26

Intra-Day Fundamentals - EUR/USD and GBP/USD: Fed Chair Yellen Speaks

2016-08-26 14:00 GMT | [USD - Fed Chair Yellen Speaks]

[USD - Fed Chair Yellen Speaks] = Speech titled "The Federal Reserve's Monetary Policy Toolkit" at the Federal Reserve Bank of Kansas City Economic Symposium, in Jackson Hole

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"Although fiscal policies and structural reforms can play an important role in strengthening the U.S. economy, my primary message today is that I expect monetary policy will continue to play a vital part in promoting a stable and healthy economy. New policy tools, which helped the Federal Reserve respond to the financial crisis and Great Recession, are likely to remain useful in dealing with future downturns. Additional tools may be needed and will be the subject of research and debate. But even if average interest rates remain lower than in the past, I believe that monetary policy will, under most conditions, be able to respond effectively."


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GBP/USD M5: 136 pips range price movement by Fed Chair Yellen Speech news event



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EUR/USD M5: 100 pips range price movement by Fed Chair Yellen Speech news event


 

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AUDUSD Technical Analysis 2016, 28.08 - 04.09: daily correction to the possible bearish reversal

Sergey Golubev, 2016.08.27 15:03

Daily price is breaking 0.7583 support level to below for the daily secondary correction within the primary bullish trend.

  • The price is breaking descending triangle pattern to below for the local downtrend as the secondary correction to be continuing.
  • Chinkou Span line of Ichimoku indicator is located above Ichimoku cloud indicating the future possible breakdown to be started in the near future.
  • Trend Strength indicator and Absolute Strength indicator are estimating the trend as the correctional one.

The bearish reversal level is 0.7420 support, and if the price breaks this level to below so the bearish reversal will be started.

If D1 price breaks 0.7583 support level on close bar together with descending triangle pattern to below so the local downtrend as the secondary correction will be continuing.
If D1 price breaks 0.7420 support level on close bar so the reversal of the daily price movement from the bullish to the primary bearish market condition will be started.
If D1 price breaks 0.7755 resistance level on close bar from below to above so the bullish trend will be resumed.
If not so the price will be on bullish ranging within the levels.


  • Recommendation for long: watch close D1 price to break 0.7755 for possible buy trade
  • Recommendation to go short: watch D1 price to break 0.7420 support level for possible sell trade
  • Trading Summary: correction
Resistance
Support
0.76900.7583
0.77550.7420

SUMMARY : bullish

TREND : correction

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